Tesla CEO must hit tough targets

Tesla chief Elon Musk could get a pay package of $1trillion (£740billion) if the electric car firm hits aggressive targets in the next 10 years.

- BY GRAHAM HISCOTT Head of Business

The 54-year-old is the world's richest person - worth an estimated £310bnand was granted £21bn in shares last month.

US firm Tesla, which has a focus on robotics and AI, said in documents yesterday that CEO Mr Musk would not get a salary or bonus. But he would collect shares in the firm in 12 stages if its stock market value soars.